siaco:


All of you that were singing praises of buhari are now blaming him for the woe and be claiming Tinubu is trying to clean it.
Let me tell you Tinubu is worse than buhari, he will loot Nigeria to his family alone. Lagos - Calabar coastal way is an example of what you will see, he awarded the job to his ally in an inflated amount.

He did not award it to his ally, he awarded it to himself. Tinubu is the biggest thief I have seen in this world. He plans his stealing ahead and start opening companies with fictitious name in order to use them for graft in the nearest future

mrvitalis:
APC fundamentally don't know anything about economic development... Corruption apart

Sentiment aside let's look at this

You budget $1.2 billion of borrowed money to rail way that can't break even or pay back it's loan

Budget 250 billion for Lagos Ibadan

Spend over 300 billion on niger bridge

Abuja Kaduna rail that cost 20 times what it makes was done for $1 billion

But you allocate 75 billion ($75 millionsl)for SMEs
50 billion for nano business ( we know corruption would eat 50% ) ($50m)

They you all act surprise GDP is dropping?


For a $300 billion dollar economy are this people joking or what

APC doesn't understand the basic principles of economic development for a developing economy they don't

They just want to build feel good project , commission it n brag about it... Worse still they allocate such projects based on tribal and religious sentiments

U lied!!

Buhari and apc governors led by amaechi went to court demanding that the money in our reserve be shared among the governors .

Even when gej refused , the had to use the court to compel the FG to disburse the money .

Okonjo Iweala was the minister of finance

The previous Nigerian GDP estimates were based on artificially fixed exchange rates. The rates were artificial, arbitrary and bore no resemblance with reality. It encouraged roundtripping, massive corruption and discouraged investment and growth.

Now that the forex regime is liberalised and in tune with reality, watch how growth and investments will be unleashed. I am not concerned with short term slips from the summit but excited by the potential. The bigger picture is that we are chasing a $1trillion economy in 8yrs or so. Let us come back to this discussion in two year's time

mrvitalis:
APC fundamentally don't know anything about economic development... Corruption apart

Sentiment aside let's look at this

You budget $1.2 billion of borrowed money to rail way that can't break even or pay back it's loan

Budget 250 billion for Lagos Ibadan

Spend over 300 billion on niger bridge

Abuja Kaduna rail that cost 20 times what it makes was done for $1 billion

But you allocate 75 billion ($75 millionsl)for SMEs
50 billion for nano business ( we know corruption would eat 50% ) ($50m)

They you all act surprise GDP is dropping?


For a $300 billion dollar economy are this people joking or what

APC doesn't understand the basic principles of economic development for a developing economy they don't

They just want to build feel good project , commission it n brag about it... Worse still they allocate such projects based on tribal and religious sentiments

The entire economic people or entire people in APC are poor economists while the few ones in lp and obi team are genius? How do you reason sir

Holluwhakemmy:
That truth is bitter

Which truth?

Racoon:
Sadly in 2015, the leadership of the country was taken over by a character that was not only clueless about the economy, he also had no interest in fixing it and as a result of this the economy of the country plummeted for eight straight years under his rudderless leadership.

The country had another opportunity in 2023 when a new leader was elected. Sadly hopes were dashed when another questionable character was imposed on the country under very dubious circumstances as president. The notorious "nah statistics we go chop" CSU certificate forger.

The resultant effect is that the country's economy has continued to plummet as a result of the mismanagement of the country's resources and the rudderless economic policies of the administration. From top to bottom. Fear APC!

The truth is that the economy is on the mend. The policies Tinubu has implemented such as subsidy removal were the very same things Peter Obi said he would do.

Peter Obi should thank his stars he isn't in office as the opposition would have frustrated his arse. Nigeria needs very painful reforms at this stage such as the full deregulation of the price of petrol and electricity and not the half measures currently in place.

Frankly speaking, I feel Atiku would have done a better job on the economic front than Tinubu.

okosodo:
Na fij talk am.
Tinubu awarded a contract of 15 thrillion naira to himself for a road that Julius Berger will do for less than 2 thrillion in a country that is producing less than 3500Mw of electricity. With this singular act, tinubu has made more money than abacha and babangida combined. Some deluded fellows are still expecting even the faintest positive news from this country that a conman and his fellows are massively looting from without recourse common sense. I
I greet una

The project cost is 2.8tr.

Where do you guys keep finding thos ludicrous 15tr?

EyeCumInPiss:

Funny enough same idiots that sang Buhari's praises calling him darling daddy, are same idiots that have jumped ship to start praising Thïefnubu to clean up the mess by Buhari.

That darling daddy guy should always be named when Buhari's disastrous reign is remembered.

okosodo:
He did not award it to his ally, he awarded it to himself. Tinubu is the biggest thief I have seen in this world. He plans his stealing ahead and start opening companies with fictitious name in order to use them for graft in the nearest future

I concur with you, but his followers are so blind and ignorant of him tactics.

Forget 18yrs steps back ward, buhari alone drag us 100yrs back ward, na tunubu come do the 18yrs step back ward

Klington:


Let's wait patiently for APC voluntary slaves to arrive fess.

Those charlatans and nonentities are hell-bent on forcing mediocres and dullards that keep taking this country backwards on us.

What many of you fail to understand is that to repair an economy like Nigeria after the way Buhari left it would require about 2 years to adjust before the economy starts growing fast again.

The primary reason ehy the economy collapsed under Buhari was his obsession of fixing the exchange rate at a price that did not reflect its market value. He foolishly thought wicked economists and Central banks fix exchange rates. He wondered why they would devalue a currency so that people would suffer. It is actually market forces.

The senseless fixing lead not only to artificial scarcity of forex but also to roundtripping where a privilege class bought forex at the unrealistic official exchange rate of let's say 440 and sell at the parallel rate of 630. The gap between these two markets was a huge source of corruption and many bankers such as a recently deceased one, made fortunes from it.

The floating of the Naira has destroyed that gap. Now, the parallel market rate is even lower than the official rate.

Tinubus determination to end this economic abomination was what lead to the floating of the Naira. This has finally lead to

Tinubu did not win inspite on mu-mu ticket. INEC rigged him in, ratified by the compromised judiciary

SpatialKing:
It shall never be well with

Tinubu and Buhari
Yorubas and Hausa/fulanis who kept supporting them
All those people that voted based on Muslims/Muslims, religion, enthicity and tribe

They brought this mess on us

Fearyourcreator Mr Failure, come and defend your oppressor jare

A nobody like you arguing from a beer parlour. Don't Venezuela produce oil?

codemaniacs:
false information from statisense..

Nigeria's economy is backed by crude oil. which means the economy cannot fall from $568.50 billion to $374.95 billion in 9 years it always has to go upwards unless someone or a group of government officials intentionally deduct $193.55 billion from the government accounts...

It's like real estate.. the price of real estate only goes up.. the price you paid for rent or lease in 2015 is lower than the price you pay in 2024.

For Nigeria's economy to drop like that then the amount of Barrels Per day of crude oil that Nigeria produces has to drop drastically.

Nigeria currently produces 1.7 million barrels per day.. it would have to drop to 200 thousand barrels per day for Nigeria's economy to drop badly.

Zxcvbnmghtr:
If you are from a poverty ridden family no government may be able to help you grow economically. It is what it is. IF YOU ARE POOR, YOU ARE POOR.

Wetin concern this your post with wetin OP post?

Nteogwuija:


Wetin concern this your post with wetin OP post?

The thing be say if you poor, you poor. Those people complaining today still couldn't afford a decent life when the economy was 'better'. The still were complaining BITTERLY then. If you poor, you poor. It's a harsh truth.

qualitymart:
African leaders should learn how to step down

Immediate past administration performed below average

Incumbent administration is not doing well, not up to a year & this is where we are

people wey their plan na to die for office. they never have goods plans for retirement which is why leaving office is their greatest nightmare. so they keep stealing until death

Look at Yahya Bello, stole $720,000 meant for his state because he was about to leave office. Yahya Bello is the type of person to shit in a toilet and not bother flushing it because that is the next person's problem. Besides, this is one of the numerous cases of stealing by him he is running away from.

Take away that bloody "immunity clause" for former governors and heads of state, that is one important step in the right direction.

Racoon:
Sadly in 2015, the leadership of the country was taken over by a character that was not only clueless about the economy, he also had no interest in fixing it and as a result of this the economy of the country plummeted for eight straight years under his rudderless leadership.

The country had another opportunity in 2023 when a new leader was elected. Sadly hopes were dashed when another questionable character was imposed on the country under very dubious circumstances as president. The notorious "nah statistics we go chop" CSU certificate forger.

The resultant effect is that the country's economy has continued to plummet as a result of the mismanagement of the country's resources and the rudderless economic policies of the administration. From top to bottom. Fear APC!

The best amongst you, is who you are calling dumb?

Abi no be you Nigerians vote President Buhari into power in 2015?

alphaNomega:
people wey their plan na to die for office. they never have goods plans for retirement which is why leaving office is their greatest nightmare. so they keep stealing until death

Look at Yahya Bello, stole $720,000 meant for his state because he was about to leave office. Yahya Bello is the type of person to shit in a toilet and not bother flushing it because that is the next person's problem. Besides, this is one of the numerous cases of stealing by him he is running away from.

Take away that bloody "immunity clause" for former governors and heads of state, that is one important step in the right direction.

Dey dream, what of the civil servants in the different ministries were the crimes are been perpetrated, or you think he ate that money by himself?

I believe that 720k was for his kids tuition & The America International School Abuja?

Go and ask the Director of a parastatal how he is able to pay for his 4 children in a private university with his salary?

favor914:
Dey dream, what of the civil servants in the different ministries were the crimes are been perpetrated, or you think he ate that money by himself?

I believe that 720k was for his kids tuition & The America International School Abuja?

yes, he ate the money by himself and even more than that.

alphaNomega:
yes, he ate the money by himself and even more than that.

Good for Yahaya Bello, all unity secondary school graduates from Uduagahan to Bello must carry money?

If you cannot beat them, you might as well join them.

Zxcvbnmghtr:
If you are from a poverty ridden family no government may be able to help you grow economically. It is what it is. IF YOU ARE POOR, YOU ARE POOR.

The ironic thing is that majority of your party's votes come from the poorest areas of the country
Yet you're mocking them for their political choices

Watch how vulturebbqgrills will avoid this thread, senseless old fool... posterity will judge you and your darling daddy crews.

stepaside1:
The previous Nigerian GDP estimates were based on artificially fixed exchange rates. The rates were artificial, arbitrary and bore no resemblance with reality. It encouraged roundtripping, massive corruption and discouraged investment and growth.

Now that the forex regime is liberalised and in tune with reality, watch how growth and investments will be unleashed. I am not concerned with short term slips from the summit but excited by the potential. The bigger picture is that we are chasing a $1trillion economy in 8yrs or so. Let us come back to this discussion in two year's time

Zombie!! 🧟‍♀️ 🧟‍♀️ 🧟‍♀️
The previous high GDP was bad
The present low GDP is good
The present GDP growth rate of 3% will magically give us $1trn in 8 years.
It's obvious you are poor at maths

grandstar:


The project cost is 2.8tr.

Where do you guys keep finding thos ludicrous 15tr?

lie lie

grandstar:


What many of you fail to understand is that to repair an economy like Nigeria after the way Buhari left it would require about 2 years to adjust before the economy starts growing fast again.

The primary reason ehy the economy collapsed under Buhari was his obsession of fixing the exchange rate at a price that did not reflect its market value. He foolishly thought wicked economists and Central banks fix exchange rates. He wondered why they would devalue a currency so that people would suffer. It is actually market forces.

The senseless fixing lead not only to artificial scarcity of forex but also to roundtripping where a privilege class bought forex at the unrealistic official exchange rate of let's say 440 and sell at the parallel rate of 630. The gap between these two markets was a huge source of corruption and many bankers such as a recently deceased one, made fortunes from it.

The floating of the Naira has destroyed that gap. Now, the parallel market rate is even lower than the official rate.

Tinubus determination to end this economic abomination was what lead to the floating of the Naira. This has finally lead to

Even you don't know where it has led to

The difference in approach between Tinubu and Buhari to the question of exchange rate is a reflection of the difference in resources and not necessarily what's best for the country.

While Buhari does not have access to dollars in huge amounts, he does not therefore understand why a leader will deliberately hurt his country's currency just to satisfy what he perceived as elite interest.
A man with access to dollars on the other hand will see devaluation as a good thing. Monetary policies require stringent management whichever way you decide to go.

grandstar:


The project cost is 2.8tr.

Where do you guys keep finding thos ludicrous 15tr?

The minter of works said so and the 15trn is minus the rail cost

Faceonme1443:
Jonathan met 65 billion dollars in the foreign reserve and wasted over 35billion dollars out of it. Bihari Meet meagre 28 billion dollars. Buhari added around 5 billion dollars leaving 33 billion dollars in the reserve. Anytime You guys want to glorify Jonathan Administration, always remember that he wasted 35 billion dollars in less than 6 years. Jonathan Administration did not add one dollar to the foreign reserve.

Stop being clever by half
PDP met foreign reserve at less than $5bn and left it at $32bn. That's an addition of $27bn net. Besides that, they left $2.1bn in ECA which did not exist in 1999, another $2.1bn in NLNG dividend account and SWF of $1bn.
Overall, PDP left $37bn max in reserve.
So explain now how APC has improved it

BetaThings:


These are facts
When President Buhari took over
23 states owed salaries
FG was borrowing to pay salary
Nigerian military was ill-equipped and Boko Haram could bomb anywhere they liked in Abuja
Infact no school, hotel, office, mosque, church could open in Abuja if they didn't have a bomb scanner

Globally, there was 10 year resource boom (2004 - 2014) in oil industry. This was all squandered by PDP
As soon as oil price crashed in 2014, GDP growth started declining under Jonathan

Jonathan boasted in 2011 that he would go into exile if he didn't build 2nd Niger bridge
By 2015, he had spent only N10b on what he proposed would be a N120b project

If you can dispute any of these, I will donate N50,000 to any charity or person you choose

Have the 23 states stopped owing salaries now?
FG borrowed to pay salaries from when to when?
How has security improved generally since then?
You lie!! 2004, oil price was below $41, 2005, $56, 2006, $66, 2007, $72 and 2009, $61.
2nd Niger bridge was a PPP with FG providing only 15% of funding so FG funding was not the reason for the delay.

Now you have to donate that money to charity.

Holluwhakemmy:
Buhari caused it Tinubu is trying his best to perfect the imperfections caused by Buhari regime.

next time say buhari is better than tinubu .don't be a coward no one will beat you

specialmati:
next time say buhari is better than tinubu .don't be a coward no one will beat you

My dear brother you know the truth Tinubu is the right person for this task

Holluwhakemmy:
My dear brother you know the truth Tinubu is the right person for this task

the right person for more hardship .its only a demon possessed human will be happy how things are going in today Nigeria